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Ola Electric Mobility Announces CFO Transition as Deepak Rastogi Takes Over from Harish Abichandani

Ola Electric Mobility Limited completed a CFO transition on January 19, 2026, with Mr. Deepak Rastogi appointed as the new Chief Financial Officer effective January 20, 2026, replacing Mr. Harish Abichandani who resigned due to personal reasons. The new CFO brings over 30 years of finance and business leadership experience across automotive, manufacturing, and other industries, with expertise in capital markets, M&A, and IPO readiness. Mr. Rastogi has previously advised on equity transactions worth approximately $1 billion and has extensive international experience across multiple regions.

16Jan 26

Ola Electric Secures BIS Certification for शक्ति 9.1kWh Battery Storage System

Ola Electric Mobility has received Bureau of Indian Standards certification for its शक्ति 9.1kWh residential battery energy storage system, marking a significant milestone for India's first domestically manufactured BESS solution. The system features automotive-grade safety standards, zero running costs, and will be available in two configurations starting at ₹1,49,999.00, with deliveries scheduled to begin by end-January 2026.

14Jan 26

Ola Electric Expands 4680 Bharat Cell Platform Beyond Mobility, Launches Residential Energy Storage Solutions

Ola Electric has expanded its 4680 Bharat Cell platform beyond mobility, opening sales to businesses and startups for applications in automotive, humanoids, drones, and medical equipment. The company launched Ola Shakti residential energy storage systems priced at ₹1,49,999 and ₹2,49,999, with deliveries starting end of January 2026. Additionally, Ola Electric began deliveries of the Roadster X+ motorcycle (₹1,89,999) featuring 500 km range and scaled up S1 Pro+ scooter deliveries across India.

14Jan 26

Ola Electric Opens 4680 Bharat Cell Platform To Businesses, Announces Delivery Timeline

Ola Electric has expanded access to its 4680 Bharat Cell platform, allowing businesses and startups to purchase cells or 1.5kWh battery packs for diverse applications. The company announced specific delivery schedules for its Ola Shakti residential energy storage system, with 6kW/9.1kWh units starting end of January 2026 and 3kW/5.2kWh units from mid-February 2026. Meanwhile, the company continues deliveries of its Roadster X+ motorcycle with 500km range and scales up S1 Pro+ deliveries across India.

13Jan 26

Ola Electric Reintroduces Muhurat Mahotsav Campaign with Special Pricing on 4680 Bharat Cell Products

Ola Electric has reintroduced its Muhurat Mahotsav campaign for January 14-15, 2026, featuring special pricing on 4680 Bharat Cell products. The campaign offers Shakti variants with benefits up to ₹1,00,000.00, upgrade bonuses of ₹20,000.00 for existing customers, and exchange bonuses of ₹15,000.00 for ICE vehicle owners. Special Muhurat pricing includes S1 Pro+ 5.2kWh at ₹1,39,999.00 and Roadster X+ 9.1kWh at ₹1,49,999.00, with all offers exclusively available for in-store purchases.

13Jan 26

Ola Electric Launches First Residential Battery Energy Storage System 'Shakti' from Tamil Nadu Gigafactory

Ola Electric has launched its first residential Battery Energy Storage System 'Shakti' from its Tamil Nadu Gigafactory, marking the company's entry into the BESS market. The product, powered by indigenous 4680 Bharat Cells, offers multiple battery and power configurations ranging from 1.5 kWh to 9.1 kWh capacity. Shakti features automotive-grade safety, IP67 protection, and smart energy management capabilities, with reservations now open at ₹999.

12Jan 26

SoftBank Reduces Stake in Ola Electric Mobility to 13.53% Amid Market Challenges

SoftBank Group has reduced its stake in Ola Electric Mobility from 15.68% to 13.53% by selling 94.6 million shares between September 2025 and January 2026. The divestment is part of broader investor exits amid the company's operational challenges, including a 43.16% revenue decline and market share drop from 36.7% to 16.1%. Other major investors including Tiger Global, Hyundai Motor, and Kia Corporation have also reduced their holdings significantly.

12Jan 26

Ola Electric launches 'Shakti', India's first fully made-in-India home energy storage system

Ola Electric has successfully rolled out the first unit of 'Shakti', India's first fully made-in-India residential energy storage system, from its Gigafactory in Krishnagiri, Tamil Nadu. This launch represents the company's expansion beyond electric vehicles into home energy solutions, emphasizing domestic manufacturing and contributing to India's energy independence initiatives.

12Jan 26

Ola Electric expands beyond EVs with launch of residential battery system 'Ola शक्ति'

Ola Electric has launched 'Ola शक्ति', India's first residential battery energy storage system powered by indigenous 4680 Bharat Cells, marking the company's expansion beyond automotive into energy storage. The system offers four configurations ranging from 1kW/1.5kWh to 6kW/9.1kWh, featuring zero maintenance costs, automotive-grade safety, and real-time monitoring capabilities. Reservations are open at ₹999, targeting households, farms, and small businesses as an alternative to conventional inverters and generators.

12Jan 26

Ola Electric Rolls Out First 'शक्ति' Residential BESS from Gigafactory

Ola Electric has successfully rolled out its first शक्ति residential battery energy storage system from its Gigafactory in Tamil Nadu, marking a significant expansion into India's residential BESS market. The system, powered by indigenous 4680 Bharat Cells, is available in four configurations from 1.50 kWh to 9.10 kWh and offers advanced features including zero maintenance costs, intelligent energy management, and weather-resistant design. Now available for reservations at ₹999.00, शक्ति represents India's first fully domestically manufactured residential BESS and demonstrates Ola Electric's strategic diversification beyond automotive into comprehensive energy solutions.

12Jan 26

Ola Electric Mobility Launches 'शक्ति' BESS from GigaFactory with Indigenous 4680 Bharat Cells

Ola Electric Mobility has launched its first 'शक्ति' battery energy storage system from its GigaFactory, entering the residential BESS market with indigenous 4680 Bharat cells. The product is available in various configurations for residential energy storage needs, demonstrating the company's expansion beyond electric vehicles into comprehensive energy solutions through domestic manufacturing capabilities.

12Jan 26

SoftBank Reduces Ola Electric Stake to 13.53% Through Open Market Sales

SoftBank Group has reduced its stake in Ola Electric from 15.68% to 13.53% by selling 94.6 million shares between September 2025 and January 2026, continuing a pattern of institutional investor exits. Multiple global investors including Tiger Global Management, Alpha Wave Ventures, and Z47 have also reduced or completely exited their positions, while the company faces operational challenges with market share declining to 16.1% from 36.7% due to increased competition.

09Jan 26

Ola Electric Plans Major Announcement on Makar Sankranti, January 14

Ola Electric Mobility, under Bhavish Aggarwal's leadership, has scheduled a significant announcement for January 14, coinciding with Makar Sankranti festival. While specific details remain undisclosed, the strategic timing suggests the company is preparing for a notable business development.

09Jan 26

SoftBank Reduces Ola Electric Stake to 13.53% Through Open Market Sales

SoftBank has reduced its stake in Ola Electric Mobility Limited to 13.53% by selling 2.15% through open market transactions between September 2025 and January 2026. This follows a previous stake reduction from 17.83% to 15.68% conducted between July and September 2025. The latest disposal of 94,628,299 shares by SVF II OSTRICH led to a 2.42% decline in Ola Electric's share price to ₹39.49 on January 9.

09Jan 26

Ola Electric Plans Major Announcement on Makar Sankranti

Ola Electric has announced a major announcement scheduled for January 14, coinciding with Makar Sankranti festival. The company posted a cryptic social media message referencing 2026 and "the next chapter of India's energy revolution," suggesting significant developments in clean energy solutions.

09Jan 26

Ola Electric Shares Decline as SoftBank Reduces Stake for Second Time in Six Months

Ola Electric shares declined 1.71% to ₹39.77 after SoftBank reduced its stake for the second time in six months. The stock initially fell 2.32% intraday before recovering slightly. This repeated stake reduction by the Japanese investment giant reflects ongoing institutional portfolio repositioning in the electric vehicle sector.

09Jan 26

SoftBank Affiliate SVF II Ostrich Disposes 94.63 Million Ola Electric Shares Worth Over ₹4,410 Crores

SVF II OSTRICH (DE) LLC disposed of 94,628,299 equity shares of Ola Electric Mobility Limited between September 3, 2025, and January 5, 2026, reducing its stake from 15.68% to 13.53%. The open market transactions worth over ₹4,410 crores triggered SEBI disclosure requirements when the final disposal breached the 2% threshold. The SoftBank affiliate's strategic repositioning maintains substantial presence while complying with regulatory mandates, with Ola Electric's total equity capital remaining unchanged at 4,410,829,885 shares.

06Jan 26

Ola Electric Shares Decline 8% from Day's High, Snapping Three-Day Rally

Ola Electric shares declined 8% from intraday highs, snapping a three-day winning streak that had delivered 22% gains. Despite lower trading volumes, the stock saw higher-than-average share turnover. The recent rally was supported by December performance showing market share recovery to 9.3% from 7.2% in November, driven by the company's Hyperservice initiative addressing operational challenges.

05Jan 26

Ola Electric shares surge 16% as Hyperservice program drives turnaround momentum

Ola Electric Mobility shares surged 8.2% to ₹44.28, extending a 16% rally as the company's Hyperservice transformation program showed early results with 77% same-day service completion. Market share improved to 9.3% in December from 7.2% in November, while the company regained top-three position in nearly a dozen states. Despite reporting net loss of ₹418.00 crore for Q2 FY26, the auto segment achieved positive EBITDA margin of 0.3%, marking first-time profitability in core business.

01Jan 26

Ola Electric Introduces Roadster X Electric Motorcycle Amid Strong 2025 Performance

Ola Electric has introduced the Roadster X electric motorcycle in India, marking its expansion into the motorcycle segment alongside significant 2025 achievements. The company developed India's first indigenous 4680 Bharat Cell technology with 500km range capability, enhanced customer experience through Hyperdelivery and Hyperservice initiatives, and grew its community to over 1 million members while diversifying into residential energy storage solutions.

01Jan 26

Ola Electric Shares Surge 12% in Two Days on Strong December Performance Recovery

Ola Electric Mobility shares gained over 12% in two trading sessions, hitting Rs 40.77 on January 2, 2026, following strong December performance with 9,020 vehicle registrations and market share recovery to 9.3%. The company showed particularly strong momentum in Southern India, reclaimed top-three position in nearly a dozen states, and reported narrowed losses in Q2 while targeting 100,000 unit deliveries for H2.

01Jan 26

Ola Electric Announces Business Turnaround with 9.3% Market Share in December 2025

Ola Electric Mobility Limited reported a significant business turnaround in December 2025, with market share increasing to 9.3% from 7.2% in November, driven by its comprehensive Hyperservice program. The company registered 9,020 units in December and achieved 77% same-day service completion, while expanding its workforce by 1,000+ personnel and deploying a 250-member rapid response team across high-backlog regions.

31Dec 25

Ola Electric Mobility Limited Announces Resignation of Senior Management Personnel Vishal Chaturvedi

Ola Electric Mobility Limited has announced the resignation of Mr. Vishal Chaturvedi, Business Head - Cell and Senior Management Personnel, effective December 31, 2025. The resignation was submitted due to personal commitments, with proper regulatory disclosures filed under SEBI Listing Regulations. Chaturvedi expressed gratitude for his tenure and extended best wishes for the company's continued success.

30Dec 25

Ola Electric Roadster X+ Gets Government Approval With 500 KM Range Capability

Ola Electric Mobility has secured government certification for its Roadster X+ motorcycle, making it India's first electric motorcycle with fully in-house developed 4680 Bharat Cell battery technology. The motorcycle offers an industry-leading range of up to 500 km, targeting Tier-2 and Tier-3 markets where range anxiety has constrained EV adoption.

29Dec 25

Ola Electric Market Share Drops to 16% from 37% Previous Year

Ola Electric Mobility has experienced a significant decline in its market share within the electric two-wheeler segment. The company's market share has dropped from 37% to approximately 16%, representing a 21 percentage point decrease. This decline equates to about a 57% reduction in market presence compared to the previous year, indicating a substantial loss of competitive position in an increasingly fragmented market.

29Dec 25

Ola Electric shares decline 1.52% despite PLI incentive and Bharat Cell expansion

Ola Electric shares declined 1.52% in Monday trade despite positive developments including ₹366.78 crore PLI scheme approval and expansion of indigenous 4680 Bharat Cell-powered S1 Pro+ deliveries across Tamil Nadu, Kerala, Telangana and Karnataka. The stock faced heavy selling pressure with 70.96% volume on sell side, reflecting investor concerns despite the company's technological achievements and government recognition.

25Dec 25

Ola Electric shares jump 4% after ₹366.78 crore PLI incentive sanction

Ola Electric Mobility shares surged 4% following the receipt of ₹366.78 crore in PLI-Auto incentives from the Ministry of Heavy Industries for FY25. While the government sanction provides crucial liquidity and endorses the company's manufacturing capabilities, analysts remain divided with mixed ratings as the company navigates ongoing profitability challenges despite the positive market response.

23Dec 25

Ola Electric Launches Same-Day Service Centers, Starting with Bengaluru

Ola Electric Mobility has introduced same-day service guarantee centers, with the first facility opening in Bengaluru. This initiative aims to address customer concerns about service turnaround times in the electric vehicle industry. The company plans to expand this service model nationwide, demonstrating its commitment to improving customer experience and building a robust service infrastructure.

18Dec 25

Ola Electric Confirms Debt Repayment Completion & Full Release of Share Pledges

Ola Electric has issued an official statement confirming the completion of debt repayment using proceeds from promoter share monetization, resulting in full release of all promoter-level pledges representing 3.93% equity. The company maintains its strategic focus on electric mobility while the promoter group continues to hold 34.60% stake with zero encumbrance.

16Dec 25

Ola Electric: Bhavish Aggarwal To Offload 2.78% Stake Over Next Few Days

Ola Electric's co-founder Bhavish Aggarwal will offload a 2.78% stake over the next few days to release pledged shares and repay a ₹260 crore promoter loan. The transaction will eliminate all promoter pledges while maintaining strong 34% promoter control, demonstrating responsible financial management without impacting company operations.

13Dec 25

Ola Electric Launches Same-Day Hyperdelivery Service in Bangalore

Ola Electric has launched its Hyperdelivery service in Bangalore, enabling same-day registration and delivery for 4680 Bharat Cell powered vehicles. This initiative is part of the company's comprehensive Hyperservice platform, leveraging in-house registration processes and D2C model to revolutionize the EV purchasing experience in India.

01Dec 25

Ola Electric Rolls Out Nationwide In-App Service Booking Feature

Ola Electric Mobility has introduced a new digital service offering as part of its Hyperservice initiative. The feature allows customers to book service appointments directly through the Ola Electric app, available nationwide. This move aims to enhance customer experience by reducing wait times, providing a more convenient booking process, and offering easier access to service centers. The initiative reflects the growing trend of digitalization in the electric vehicle industry and Ola Electric's commitment to leveraging technology for improved service offerings.

28Nov 25

Ola Electric Shareholders Greenlight Fundraising Initiative with Overwhelming Support

Ola Electric Mobility Limited received strong shareholder support for its proposal to raise funds through securities issuance. The special resolution passed with 99.83% approval, with 2.76 crore votes in favor. The voting concluded on November 27, 2025, via remote e-voting. This approval grants the company flexibility to raise capital for expansion, research and development, and strengthening its market position in the electric vehicle sector.

16Nov 25

Ola Electric Scales Up Deliveries of Indigenous 4680 Bharat Cell Powered Vehicles

Ola Electric has officially expanded deliveries of its indigenously manufactured 4680 Bharat Cell powered S1 Pro+ scooters across multiple southern Indian states including Tamil Nadu, Kerala, Telangana, and Karnataka. The company has achieved a significant milestone as India's first manufacturer to fully integrate cell and battery pack production in-house, while offering a comprehensive product portfolio ranging from ₹84,999 to ₹1,90,338 across scooter and motorcycle segments.

12Nov 25

Ola Electric's Bhavish Aggarwal Increases Share Pledge to 10.11% for External Financing

Bhavish Aggarwal, Ola Electric Mobility's founder, has increased his pledged stake from 8.09% to 10.11% in the September quarter. He pledged 13.38 crore shares to Aditya Birla Capital as collateral for a loan to fund a group company. Ola Electric's share price has dropped 43% since its August 2024 listing and over 36% since Aggarwal's first pledge in November. The company reduced its FY26 revenue guidance to Rs 3,000-3,200 crore and approved a Rs 1,500 crore equity fundraise. Ola Electric faces Rs 2,114 crore in debt and interest due by FY30.

11Nov 25

Ola Electric Shares Slump 14% Amid Technical Downtrend and Mixed Q3 Results

Ola Electric's stock has declined 14% over four sessions and is down 72% from its all-time high. Q3 FY24 results show a 43% YoY revenue drop to Rs 690 crore, but a reduced net loss of Rs 418 crore. The company achieved Auto EBITDA profitability for the first time and targets Rs 3,000-3,200 crore full-year revenue. Ola Electric refuted claims of improper battery technology acquisition and announced commercial production of its in-house 4680 Bharat Cell technology.

09Nov 25

Ola Electric Refutes Battery Technology Theft Allegations, Emphasizes Indigenous Innovation

Ola Electric strongly refutes claims of stealing battery technology from LG Energy Solution, calling them baseless. The company emphasizes its focus on indigenous innovation, highlighting its 4680 Bharat Cell with dry electrode technology, which differs from the alleged leaked pouch cell technology. Ola questions the timing of accusations, suggesting they may be driven by foreign competition fears. The company underscores its commitment to innovation with 720 patent filings, 124 granted patents, and a Rs 2,500 crore investment in India's first operational Gigafactory.

07Nov 25

Ola Electric Faces Credit Downgrade and Technology Theft Accusations

Ola Electric, a major player in India's EV market, is confronting significant challenges. Moody's has downgraded the company's credit rating to CAA1 with a negative outlook, potentially leading to higher borrowing costs and reduced investor confidence. Simultaneously, LG Energy Solution has accused Ola of accessing confidential battery technology through a former researcher, adding to existing legal disputes. Despite these issues, Ola Electric maintains a strong position in India's electric scooter market and has launched its own lithium-ion cell production.

06Nov 25

Ola Electric Achieves Auto Segment Profitability in Q2 FY26, Expands into Energy Storage

Ola Electric reported its first profitable quarter in the auto segment for Q2 FY26, with a positive EBITDA margin of 0.3%. The company's consolidated revenue reached ₹690 crore, delivering 52,666 vehicles. Gross margins expanded to 30.7%, driven by operational efficiencies. Ola launched 'Ola शक्ति', a residential Battery Energy Storage System, projecting ₹100 crore revenue in Q4 FY26. The company's Gigafactory commissioned 2.5 GWh capacity, with plans to reach 20 GWh by FY27. Ola targets 100,000 auto deliveries for H2 FY26 and expects FY26 consolidated revenue of ₹3,000-3,200 crore.

06Nov 25

Ola Electric Reports Auto Business Profitability in Q2 FY26, Discloses Overall Loss for Previous Quarter

Ola Electric reported positive EBITDA of 0.30% in its auto business for Q2 FY26, with auto gross margins expanding to 30.70%. The company delivered 52,666 vehicles and achieved consolidated revenue of ₹690.00 crores. However, for a previous quarter, it reported a net loss of ₹495.00 crore on revenue of ₹1,214.00 crore. Ola Electric launched new products, including the S1fea energy storage system, and commissioned a 2.5 GWh cell manufacturing facility. The company targets approximately 100,000 auto deliveries for H2 FY26 and expects FY26 consolidated revenue of ₹3,000.00-3,200.00 crores. The board approved fundraising initiatives and appointed PricewaterhouseCoopers as Internal Auditors.

05Nov 25

Ola Electric Launches S1 Pro+ with Advanced 4680 Bharat Cell Technology

Ola Electric has started delivering its new S1 Pro+ electric scooter, featuring the indigenously manufactured 4680 Bharat Cell battery pack. The scooter offers improved range, performance, and safety. With a 13 kW motor, it accelerates from 0-40 kmph in 2.1 seconds and has an IDC range of 320 km. The S1 Pro+ comes with dual ABS, disk brakes, and multiple riding modes. Priced at ₹1,90,338 for the 5.2kWh version and ₹1,70,338 for the 4kWh version, it's available in various colors. This launch marks a significant step towards India's energy independence in the EV sector.

30Oct 25

Ola Electric Subsidiary Allots ₹250 Crore Preference Shares in Second Tranche

Ola Electric Technologies Private Limited, a subsidiary of Ola Electric Mobility, has completed the second tranche of its private placement by allotting 25 crore non-cumulative, non-participating 0.001% Series A Optionally Convertible Redeemable Preference Shares (OCRPS) worth ₹250 crore to Ola Cell Technologies Private Limited. The allotment, approved on October 29, 2025, is part of the company's ongoing efforts to strengthen its financial position. This follows the shareholders' approval for variation of IPO proceeds utilization on August 22, 2025. The company has indicated that details of further tranches will be communicated as funds are infused and allotments are made.

29Oct 25

Ola Electric Faces CCPA Investigation Report Amid Ongoing Legal Battle

Ola Electric Mobility is dealing with multiple legal issues, including a CCPA investigation report and a court case regarding the suicide of a former employee. The Karnataka High Court has allowed police to continue their investigation while cautioning against harassment of petitioners. Simultaneously, Ola Electric is preparing for a potential capital raise of up to Rs 1500.00 crores to fund growth initiatives and strengthen its market position.

28Oct 25

Ola Electric Achieves Milestone with ARAI Certification for In-House Battery Technology

Ola Electric Mobility Limited has obtained ARAI certification for its in-house developed 5.2 kWh battery pack with 4680 Bharat Cells, complying with AIS-156 Amendment 4 standards. This makes Ola the first Indian EV manufacturer to receive approval for completely self-developed 4680 Bharat Cell battery packs. The certified battery pack will debut in the S1 Pro+ model. The certification process involved rigorous testing for water resistance, vibration durability, and thermal shock resistance. This development aligns with Ola's vertical integration strategy, aiming to enhance vehicle range and performance, reduce supply chain dependence, and enable scalability at their upcoming Gigafactory.

27Oct 25

Market Insights: Insurance, Banking, Infrastructure, EV, and Renewable Energy Sectors in Focus

Amnish Aggarwal from Prabhudas Lilladher provided insights across multiple sectors. SBI Life expects 13-14% APE growth and 26-28% VNB margins. Kotak Mahindra Bank showed mixed results with 15% credit growth but increased provisions. NCC remains favored in infrastructure despite NHAI order slowdown. PTC Industries could benefit from rising defense spending. Ola Electric raised ₹1,500 crore and is expanding its Hyperservice platform. The EV market is seeing increased competition from TVS and Bajaj. Solar energy shows long-term potential but is not expected to replace thermal power soon.

25Oct 25

Ola Electric Board Greenlights Rs 1,500 Crore Fundraising Plan

Ola Electric Mobility Limited's Board of Directors has approved a proposal to raise up to Rs 1,500 crore through various methods including equity shares and convertible securities. The fundraising options include further public offer, rights issue, qualified institutional placement, and private placement. This decision is subject to shareholder approval via postal ballot and necessary regulatory approvals. The board meeting was held on October 25, 2025, from 6:35 PM to 7:20 PM IST.

25Oct 25

Ola Electric Faces Service Woes in Goa as Scooter Owners Demand Sales Halt

Ola Electric is facing significant challenges in Goa due to ongoing service issues. Over 2,000 vehicles are awaiting repairs at service centers, leading to customer dissatisfaction. Scooter owners have submitted a memorandum to Chief Minister Pramod Sawant, requesting Ola Electric to stop sales until existing repair issues are resolved. The Chief Minister has stated he would look into the matter. This situation could impact Ola Electric's brand image, sales, and customer trust, highlighting the need for a robust after-sales service infrastructure in the rapidly growing electric vehicle market.

23Oct 25

Ola Electric to Consider Fundraising Proposal Amid Recent Controversies

Ola Electric's board will meet on October 25 to consider raising funds through various methods like private placement, QIP, and preferential issue. The company has closed its trading window from October 1 until 48 hours after financial results are declared. This comes amid an ongoing investigation into an employee's suicide, with an FIR filed against CEO Bhavish Aggarwal for alleged abetment. Ola Electric faces challenges as it seeks to maintain its position in India's electric vehicle market.

22Oct 25

Ola Electric Plans Board Meeting to Explore Fund Raising Options

Ola Electric Mobility Limited has scheduled a board meeting for October 25, 2025, to consider and potentially approve a fund-raising proposal. The company is exploring various methods including private placement, qualified institutions placement, and preferential issue, subject to regulatory approvals and shareholder consent. The trading window for the company's securities has been closed since October 01, 2025, and will reopen 48 hours after the declaration of financial results.

20Oct 25

Ola Electric CEO Faces Legal Action Following Engineer's Suicide

Bengaluru police have filed charges against Ola Electric Mobility CEO Bhavish Aggarwal after the suicide of K Aravind, a 38-year-old engineer. Aravind's suicide note accused Aggarwal and supervisor Subrat Kumar Das of mental harassment and financial exploitation. A suspicious bank transfer of ₹17,46,313.00 to Aravind's account two days after his death led to an FIR being filed. Ola Electric has challenged the FIR in the Karnataka High Court, stating Aravind never raised complaints during his tenure and had no direct interaction with top management. The company described the post-death transfer as a final settlement to support the family.

16Oct 25

Ola Electric Enters ₹1 Lakh Crore BESS Market with Ola शक्ति Launch

Ola Electric has entered the ₹1 lakh crore Battery Energy Storage System (BESS) market with 'Ola शक्ति', India's first domestically designed and manufactured residential BESS. The system, powered by Ola's 4680 Bharat Cells, is available in four configurations ranging from 1.5 kWh to 9.1 kWh, with introductory prices starting at ₹29,999. Ola शक्ति offers up to 98% efficiency, automotive-grade safety, and smart features. Reservations start at ₹999, with deliveries scheduled for Makar Sankranti 2026.

14Oct 25

Ola Electric Set to Unveil New Energy Product on October 17

Ola Electric Mobility Limited, India's largest pure-play EV company, has announced the launch of a new product in the energy space on October 17, 2025. The unveiling will be premiered on the company's official social media handles. Ola Electric has notified both NSE (OLAELEC) and BSE (544225) stock exchanges about this event. The company will provide more information on its investor relations website.

06Oct 25

Ola Electric Achieves Milestone with Government Approval for In-House Ferrite Motor

Ola Electric has become the first company in India to receive government approval for its indigenously developed ferrite motor, a crucial component in electric vehicles. This achievement marks a significant milestone in the company's technological self-reliance and positions it as a leader in EV innovation in India. The development of an in-house ferrite motor could reduce Ola's dependency on external suppliers and potentially lead to better control over production and costs. This approval aligns with the government's 'Make in India' initiative and could have far-reaching effects on the Indian EV landscape, including encouraging further localization of EV component manufacturing.

30Sept 25

Ola Electric Subsidiary Completes ₹100 Crore Third Tranche of OCRPS Allotment

Ola Electric Technologies Private Limited successfully allotted 10 crore Series A OCRPS worth ₹100 crore to Ola Cell Technologies Private Limited in the third tranche of its approved ₹877.64 crore fundraising initiative. The transaction represents continued progress in the company's strategic intra-group funding plan, with the preference shares carrying 0.001% dividend rate and optional convertibility features for financial flexibility.

24Sept 25

Ola Electric's Muhurat Mahotsav Stock Offering Sells Out in Record Time

Ola Electric Mobility's stock offering during the Muhurat Mahotsav event sold out completely within 5 minutes of the event's start. This rapid sellout demonstrates strong investor interest in the electric vehicle manufacturer and could be seen as a vote of confidence in the company's business model and future prospects. The event, typically held during Diwali, highlights the growing traction of the electric vehicle industry in India, with Ola Electric Mobility positioning itself as a key player in this market.

23Sept 25

Ola Electric Launches 'Ola Celebrates India' Campaign with EVs Starting at ₹49,999

Ola Electric unveils 'Ola Celebrates India' campaign, offering electric vehicles at prices starting from ₹49,999. The 'Ola Muhurat Mahotsav' promotion runs for nine days from September 23, with limited daily units. S1 X 2kWh and Roadster X 2.5kW are priced at ₹49,999, while S1 Pro+ 5.2kWh and Roadster X+ 9.1kWh are available at ₹99,999. The campaign aims to make EVs more accessible to Indian households while honoring cultural identity. Ola will announce specific 'Muhurat' time-slots for purchases daily on social media.

19Sept 25

Ola Electric Shares Surge 40% in One Month on Policy Support and Operational Gains

Ola Electric Mobility's shares have rallied 40% in the past month, driven by favorable government policies and improved operational performance. The company filed claims under the Production Linked Incentive (PLI) scheme for its Gen 3 scooters, potentially unlocking significant incentives. The GST Council's decision to maintain a 5% GST rate on electric vehicles further supports the industry. Ola Electric showed improved financial performance with increased gross margins and positive EBITDA margins. The company also secured PLI certification for its Gen-3 scooter portfolio, positioning it for future growth. Despite the recent rally, the stock remains down 33% year-to-date, with mixed technical analyst views on its future performance.

16Sept 25

Ola Electric Reaches 1 Million Production Units, Files Rs 400 Crore PLI Claim

Ola Electric Mobility has become the first Indian pureplay EV company to reach 1 million production units. The company has filed a Rs 400 crore incentive claim under the government's Production-Linked Incentive (PLI) scheme, supported by eligible sales of about Rs 3,000 crore. Ola Electric launched a special edition Roadster X+ to mark the milestone and plans to deliver new models during Navratri. The company is the only two-wheeler manufacturer to receive a PLI incentive last year and has obtained PLI eligibility compliance certification for its Gen 3 scooter portfolio. Despite recent stock gains, Ola Electric has faced challenges over the past year with a -45.73% performance.

12Sept 25

Ola Electric Appoints Abhishek Jain as Company Secretary and Compliance Officer

Ola Electric Mobility has appointed Mr. Abhishek Jain as Company Secretary and Compliance Officer, effective September 12, 2025. Jain, an Associate Member of ICSI with a Diploma in Corporate Governance, brings extensive experience in corporate secretarial functions and regulatory compliance. He has been with Ola Electric since 2024, contributing to fund-raising, acquisitions, and corporate restructurings. The board expressed confidence in Jain's expertise as a valuable asset to the company.

04Sept 25

SoftBank Reduces Ola Electric Stake as Shares Tumble Amid GST Cut Concerns

Ola Electric's stock dropped nearly 8% to Rs 63.71 due to concerns over a recent government decision. The GST on two-wheelers with engine capacity up to 350 cc was reduced from 28% to 18%, potentially impacting electric two-wheeler demand. SoftBank Group reduced its stake in Ola Electric by 2.15%. Despite the decline, some analysts maintain positive outlooks with price targets between Rs 90 to Rs 100. Ola Electric recently received approval under the government's PLI scheme for its Gen 3 S1 scooter lineup.

03Sept 25

Ola Electric Shares Surge 10%, Approach IPO Price of ₹76

Ola Electric Mobility's stock price jumped 10% to ₹67.24, nearing its IPO price of ₹76. The stock has gained 42% since August 22, with five out of six recent sessions showing gains. Trading volume spiked to 75 crore shares, more than double the 20-day average. The stock is now above key moving averages but has entered overbought territory with an RSI of 79. Market capitalization is approaching ₹30,000 crore, with August seeing a 35% surge in share price.

01Sept 25

Ola Electric Shares Surge 13% on PLI Scheme Eligibility and Market Share Recovery Plans

Ola Electric Mobility Ltd. shares jumped over 13% on Monday, continuing a two-week rally with gains exceeding 45%. The stock reached an intraday high of Rs 61.20 before closing at Rs 60.16, up 11.30%. Key factors driving the rally include eligibility for PLI scheme benefits, plans to regain market share, a new bike launch announcement, transition to EBITDA positive, and plans for in-house battery manufacturing. Trading volume was 4.8 times the 30-day average. Despite the recent surge, shares remain down 47.66% over the past 12 months. Analyst sentiment is mixed, with a consensus 12-month price target suggesting a 22.7% upside potential.

30Aug 25

Ola Electric Shares Surge 31% in August on PLI Certification and Investor Interest

Ola Electric Mobility experienced a 31% stock price increase in August, its largest monthly gain since listing. The surge was driven by securing Production-Linked Incentive (PLI) certification for Generation 3 scooters, making the company eligible for government incentives of 13-18% on determined sales value until 2028. Increased institutional investor interest, evidenced by nearly 10 bulk deals, also contributed to the rally. The company reported an operating profit in June, further boosting investor confidence. This positive performance follows a period of challenges, including a 69% stock decline from all-time highs due to market share concerns and product quality issues. Ola plans to start battery manufacturing in late October, potentially strengthening its market position.

28Aug 25

Ola Electric Shares Surge 4% on PLI Certification for Gen 3 Scooters

Ola Electric Mobility Ltd. shares rose nearly 4% for the third consecutive session after receiving Production Linked Incentive (PLI) scheme certification for its Gen 3 scooter portfolio. The Automotive Research Association of India granted 'Certification for Compliance' to all seven models in Ola's S1 Gen 3 scooter lineup. This certification makes Ola eligible for government incentives ranging from 13% to 18% of determined sales value until 2028. The stock traded 2.72% higher at Rs 52.20, with trading volume 2.3 times the 30-day average. However, the stock has declined 58.47% over the past 12 months. Analyst ratings for Ola Electric are mixed, with 3 Buy, 2 Hold, and 3 Sell recommendations.

26Aug 25

Ola Electric Secures PLI Certification for Gen 3 Scooters, Eyes Profitability Boost

Ola Electric Mobility has obtained Production Linked Incentive (PLI) certification for its Gen 3 scooter range from the Automotive Research Association of India. This certification covers all seven models in the S1 Gen 3 portfolio and is expected to improve the company's profitability from Q2 FY26. Ola will be eligible for incentives ranging from 13% to 18% of determined sales value until 2028. The company has also announced new models, including the S1 Pro Sport and Roadster X+, with deliveries scheduled to begin in 2026 and during the upcoming Navratri festival, respectively.

23Aug 25

Ola Electric Stock Surges Amid Volatility and Corporate Developments

Ola Electric Mobility Ltd. saw significant stock fluctuations over three days, with an 18.70% surge followed by declines of 8.30% and 3.30%. Despite volatility, investor interest grew with delivery percentage increasing from 18.25% to 25.45%. The company launched a new bike model, achieved EBITDA positive status, and developed in-house battery plans. Their new battery system offers a 15-year lifespan and quick charging capabilities. Recent earnings reports showed reduced losses. In its AGM, Ola Electric appointed new auditors, re-appointed a director, and approved resolutions regarding IPO proceeds utilization.

21Aug 25

Ola Electric Shares Plunge 7% as Sales Lag, but Helios Mutual Fund Adds to Portfolio

Ola Electric's shares dropped 7.2% to Rs 49.48 following VAHAN registration data showing the company's sales falling behind competitor Ather Energy. Ola recorded 9,522 vehicle registrations compared to Ather's 10,248 as of August 20. The decline comes after a recent two-day rally that had pushed the stock up by 29%. The company reported a consolidated net loss of 428 and revenues of 828 in its recent quarterly results, with gross margins improving to 26%. Despite market challenges, Helios Mutual Fund has added Ola Electric to its portfolio, citing potential in the EV two-wheeler space.

20Aug 25

Ola Electric Shares Surge 23% in Three Sessions Despite Market Share Decline and Poor Quarterly Results

Ola Electric Mobility's stock rallied 23% over three trading sessions, with a 15% gain on Wednesday following founder Bhavish Aggarwal's Sankalp Day announcements. Block deals of 2.4 crore shares occurred at prices between Rs 45.40 and Rs 49.60. Trading volume reached 8.9 times its 30-day average, with RSI at 79. However, the company faces challenges including declining EV market share and poor quarterly results, with revenue dropping 49.6% and widening losses. The stock has fallen 63.42% over the past year. Analyst recommendations are mixed, with an average price target suggesting a 6.1% downside.

20Aug 25

Ola Electric Witnesses Rs 48.13 Crore Block Trade on NSE

A significant block trade of Ola Electric Mobility shares occurred on the National Stock Exchange. The transaction involved 8,979,301 shares traded at Rs 53.60 per share, totaling Rs 48.13 crore. This block trade, typically executed between institutional investors, may indicate strategic moves by large investors but doesn't necessarily impact the company's operations.

19Aug 25

Ola Electric Shares Surge 8.5% Amid GST Reform Concerns

Ola Electric Mobility shares jumped 8.5% to Rs 44.70 on Tuesday, with 2,482.59 lakh shares traded on NSE. This surge comes despite concerns over proposed GST reforms that could impact the EV sector. The government is considering reducing GST on small cars from 28% to 18%, potentially widening the price gap between EVs and ICE vehicles. Analysts from HSBC Global Research and Nomura warn of possible negative implications for EV companies. Ola Electric reported a consolidated net loss of Rs 428.00 crore for Q2 2025, up 23% year-over-year, while revenue declined 49.60% to Rs 828.00 crore.

18Aug 25

Ola Electric Unveils Indigenous Lithium-Ion Cell, Boosts Vertical Integration

Ola Electric has begun integrating its in-house developed 4,680 Bharat Cell into its vehicles, marking India's first indigenously developed lithium-ion cell. The Bharat Cell offers over 15 years of battery life, 5 times the capacity of competing cells, and 80% charging capability within 15 minutes. Ola also introduced new products including the Pro Sport Scooter, ferrite motor technology, MoveOS6 software, and a prototype of the Diamond Head electric motorcycle. These advancements aim to strengthen Ola's market position and improve profit margins in India's electric vehicle market.

15Aug 25

Ola Electric Unveils 'India Inside' Vision with Cutting-Edge Products and Technologies

Ola Electric showcased several innovations at its annual संकल्प 2025 event, including the integration of the 4680 Bharat Cell, India's first indigenously developed Lithium-ion cell. The company launched two new products: the S1 Pro Sport scooter and the Roadster X+ electric motorcycle. Ola also unveiled India's first indigenously developed ferrite motor without rare-earth magnets, introduced the AI-powered MoveOS 6 operating system, and announced Project Diamondhead, a futuristic motorcycle. The company's 'India Inside' vision emphasizes local innovation and manufacturing, with plans for a modular Gen 4 platform to support future vehicle development.

13Aug 25

Ola Electric Gears Up for Sports Scooter Launch on Independence Day

Ola Electric Mobility Ltd. plans to enter the sports scooter segment, with an unveiling expected at their annual 'Sankalp' event on August 15. The new offering may feature AI integration using Ola Krutrim technology. This launch follows their recent Gen 3 scooter portfolio introduction, which includes advanced features like brake-by-wire technology and dual ABS. The move puts Ola in competition with established models like TVS Ntorq, Yamaha Aerox, and Aprilia SR160 in the growing sports scooter market.

08Aug 25

Ola Electric Shares in Focus as 441.8 Million Shares Exit Lock-in Period

Ola Electric Mobility's one-year lock-in period expiration will release 441.8 million shares, representing 10% of the company's total outstanding equity, into the market for potential trading. This event could increase liquidity and potentially lead to short-term selling pressure. Market participants will closely monitor factors such as stake retention by large shareholders, trading volume, price movements, and institutional interest to gauge the impact on the stock's performance.

05Aug 25

Ola Electric Gears Up for 'Sankalp 2025' Event at Gigafactory, Unveiling 'India Inside' Vision

Ola Electric Mobility Limited will host its annual 'Sankalp' event on August 15, 2025, at its Gigafactory in Krishnagiri. The event, named 'Sankalp 2025', will be the first public event at India's first lithium-ion cell manufacturing facility. Ola will reveal its 'India Inside' vision, showcasing products and technologies. The event will be live-streamed on Ola's official channels. Ola Electric operates over 4,000 stores nationwide and maintains R&D facilities in India, UK, and US. The company focuses on vertical integration of EV technology and manufacturing, including battery cells.

30Jul 25

Ola Electric Seeks ₹1,000 Crore High-Yield Debt Amid Market Challenges

Ola Electric Mobility Ltd is in preliminary talks to raise ₹1,000 crore ($116 million) through high-yield debt financing for working capital. The potential 36-month debt could carry an interest rate of 17.50% to 20.00%. This move comes as the company faces a 50% share price decline, decreasing market share post-IPO, and reputation issues due to scooter fire incidents. Founder Bhavish Aggarwal has increased collateral for share-backed borrowings to boost investor confidence. The company describes the capital raising as routine business practice.

25Jul 25

Ola Electric Board Approves IPO Proceeds Variation and Appoints New Secretarial Auditors

Ola Electric's Board of Directors has approved changes in the utilization of IPO proceeds and extended the time limit for fund use, subject to shareholder approval. The company appointed M/s. BMP & Co. LLP as Secretarial Auditors for five years starting April 1, 2025, pending AGM approval. The board meeting occurred on July 25, 2025, from 8:15 PM to 8:45 PM IST.

23Jul 25

Ola Electric Shares Surge 7% Amid Block Deal and Future Projections

Ola Electric Mobility shares rose over 7% on Wednesday, ending a six-day decline. A block deal of 15 lakh shares worth ₹7 crore occurred. The company projects FY2026 revenue of ₹4,200-4,700 crore, with 3.25-3.75 lakh unit sales and 35-40% gross margins. Q1 results showed widened losses but sequential improvements. The auto segment achieved EBITDA positivity in June.

16Jul 25

Ola Electric Reports Strong Q1 FY26 Results, Achieves EBITDA Positive Auto Segment

Ola Electric Mobility achieved revenue of ₹2,211.48 crore in Q1 FY26, a 21.60% quarter-on-quarter increase. Gross profit per vehicle rose to ₹31,000. The auto segment became EBITDA positive in June 2025. The company delivered 68,000 vehicles, with the Gen 3 platform accounting for 80% of sales. Ola Electric aims to sell 3.25-3.75 lakh vehicles in FY26 and plans to launch 4680 cell vehicles by the festive season.

15Jul 25

Ola Electric Surges 20% on Q1 Results: EBITDA Positive in June Amid Analyst Caution

Ola Electric Mobility's shares jumped 20% following better-than-expected Q1 results. Revenue grew 35.50% to ₹828.00 crore, losses narrowed to ₹428.00 crore, and gross margins expanded to 25.60%. The auto segment turned EBITDA positive in June. Vehicle deliveries increased 32.70% to 68,192 units. The company's cost optimization initiative reduced monthly auto operating expenses significantly. New Gen 3 scooters accounted for 80% of sales. Ola Electric expects to sell 325,000 to 375,000 vehicles this fiscal year with revenue projections of ₹4,200.00 - ₹4,700.00 crore. However, analysts advise caution due to market share concerns and industry shifts.

14Jul 25

Ola Electric Anticipates Positive Auto EBITDA in Q2, Projects Cash Flow Positivity by FY26

Ola Electric Mobility reported Q1FY26 revenue of ₹828 crore with 68,192 E2W deliveries. Auto segment gross margin was 25.60%, while consolidated EBITDA margin stood at -28.60%. The company expects positive Auto EBITDA in Q2FY26, projecting FY26 vehicle sales of 325,000-375,000 units and revenue of ₹4,200-₹4,700 crore. Ola plans to produce rare earth-free motors and begin using in-house 4680 cells. The company saw increased adoption of Gen 3 scooters and MoveOS+ software package.

14Jul 25

Ola Electric Reports Steep Revenue Decline and Widening Losses in Q1

Ola Electric Mobility's Q1 financial results show a 49.60% decrease in revenue to ₹828.00 crore, down from ₹1,644.00 crore in the previous year. The company's EBITDA loss increased to ₹170.00 crore, while consolidated net loss expanded to ₹430.00 crore. Despite challenges, Ola Electric maintains ₹2,563.00 crore in fixed deposits and ₹31.00 crore in monitoring accounts. The Board has approved raising up to ₹1,700.00 crore through debt securities to strengthen its financial position.

14Jul 25

Ola Electric: Maharashtra Stores Operating Without Proper Licenses

Ola Electric Mobility is facing regulatory challenges in Maharashtra, with approximately 350 stores operating without proper licenses. The State Transport Department has taken action against some stores and directed Ola Electric to apply for necessary licenses. Store operations will only be permitted once approvals are secured. This situation could impact Ola's operations and growth strategy in Maharashtra, potentially leading to disruptions in sales and distribution channels.

14Jul 25

Ola Electric Seeks $120-140 Million Through Private Credit

Ola Electric Mobility, the EV arm of Ola, is raising $120-140 million through private credit. The funds aim to support ongoing operations and potential expansion in the competitive EV market. This move could strengthen Ola Electric's position in India's growing electric vehicle industry, possibly funding operations, expansion, R&D, and production capabilities.

14Jul 25

Ola Electric Mobility: Shares Surge 16% on Improved Q1 FY24 Results

Ola Electric Mobility, India's leading EV manufacturer, released Q1 FY24 results showing narrowed net loss and sequential revenue growth. The company reported improved gross margins and EBITDA-positive auto segment. Shares surged 16% in response to the positive performance. Full-year EBITDA margin is projected to improve to 5%.

11Jul 25

Ola Electric Stock Plummets to Record Low Ahead of Q1 Results

Ola Electric Mobility's stock price has plummeted to a record low of ₹39.76, marking a 75.00% decline from its peak. This sharp decline comes ahead of the company's Q1 results announcement and follows disappointing Q4 results that showed widened losses and decreased revenue. Despite delivering 3.59 lakh vehicles and reporting adjusted revenue of ₹4,665.00 crore, investor confidence has eroded. The upcoming Q1 results will be crucial for the company to potentially stabilize its stock price and regain investor trust in the competitive electric vehicle market.

10Jul 25

Ola Electric Shares Plummet to Record Low Amid Block Deal

Ola Electric Mobility's stock price dropped 1.20% to an all-time low of ₹39.90 after a block deal involving 1.29 million shares. The company has been struggling with poor financial performance, reporting increased losses and decreased revenue. Since its IPO, the stock has declined by 47.50% and is down 75.00% from its 52-week high, raising concerns about the company's market positioning and ability to achieve profitability in the competitive electric vehicle sector.

08Jul 25

Ola Electric Mobility Rolls Out MoveOS 5 Software Update

Ola Electric Mobility has launched the mass roll-out of MoveOS 5, its latest software update for electric vehicles. While specific details are not yet disclosed, the update is expected to bring significant improvements in areas such as performance optimization, battery management, user interface, safety features, and connectivity. This move demonstrates Ola's commitment to continuous innovation in the competitive electric vehicle market.

02Jul 25

OLA Electric Shares: Block Trade Worth Rs 81.33 Crore Executed on BSE

A significant block trade of Ola Electric Mobility shares occurred on the Bombay Stock Exchange. Approximately 19,317,770 shares were traded at Rs 42.10 per share, totaling Rs 81.33 crore. This large-scale transaction has drawn attention in the market, potentially signaling shifts in institutional holdings or strategic moves by major shareholders. The specific parties involved and their motivations remain undisclosed.

25Jun 25

Ola Electric Mobility Shares Plunge 72% from Peak as Q4 Losses Mount

Ola Electric Mobility's shares hit an all-time low of ₹43.16, down 72% from their peak of ₹157.40. The company reported a Q4 net loss of ₹870.00 crore and a 62% year-on-year revenue decline. Vehicle deliveries dropped to 51,375 units in Q4, a 55% decrease from the previous year's 1.15 lakh units. A recent block deal saw 0.8% of company equity change hands.

23Jun 25

Ola Electric Mobility Shares Slump 6% Amid Fresh Block Deal

Ola Electric Mobility Ltd's shares fell over 6% following a block deal of 2.41 crore shares (0.55% equity) at ₹44.00 per share, totaling ₹107.00 crore. This follows a recent ₹731.00 crore block deal where Hyundai Motor Company sold its stake. The company reported wider Q1 net losses and a 62% year-over-year revenue decline, but projects growth for the next quarter.

18Jun 25

Ola Electric Launches 0% Commission Model Amid Financial Challenges

Ola Electric Mobility has implemented a nationwide 0% commission model, allowing drivers to keep 100% of their fares. This move comes as the company faces financial difficulties, with its latest quarterly results showing widened losses of Rs 870.00 crore and a 62% year-over-year revenue decline to Rs 611.00 crore. Vehicle deliveries also decreased to 51,375 units from 115,000 in the same quarter last year. Despite these challenges, Ola Electric's annual performance includes 3.59 lakh unit deliveries and an adjusted revenue of Rs 4,665.00 crore.

05Jun 25

EU Official Cautions on China's Economic Growth Impact

Maros Sefcovic, a high-ranking EU official, has expressed concerns about the potential consequences of China's robust economic growth on the European economy. The statement highlights the complex relationship between the two economic powerhouses and the challenges ahead. Potential areas of impact include trade dynamics, competitive pressures, investment patterns, and the technological race. While no specific policies were outlined, the EU may need to consider strategies to strengthen European competitiveness, enhance economic resilience, foster innovation, and develop balanced trade relationships with China.

05Jun 25

Ola Electric: Founder Pays Rs 20 Crore to Maintain Share Pledge Amid Stock Price Decline

Bhavish Aggarwal, founder of Ola Electric, has paid ₹20 crore to maintain a share pledge related to a ₹250 crore raise for his AI venture Krutrim Data Center Pvt. This move was to top up collateral for borrowings against shares. Following this news, Ola Electric Mobility Ltd. shares fell by 1%.

04Jun 25

Ola Electric Shares Plummet 42% YTD, Becoming Worst Performer in Nifty Midcap 150

Ola Electric Mobility Ltd. has experienced a 42% decline in stock value year-to-date, making it the worst performer in the NSE Nifty Midcap 150 index. Hyundai and Kia sold shares worth ₹690 crore, with Hyundai completely exiting its position. Citigroup, however, purchased shares worth ₹437 crore. Analyst opinions are divided, with 43% revising their price targets in the past month, indicating uncertainty about the company's future prospects.